ATLANTA—RADCO is on anmultifamily roll, acquiring a string ofapartment assets in the Southeast in the last fewweeks. RADCO purchased two multifamily propertiesin metro Atlanta and two more in Anderson, SC. All told, the firm'sportfolio includes 26 multifamily communitiescontaining 7,133 multifamily units in six citiesin the Southeast and the Midwest.

RADCO grabbed two the 439-unit Keeneland Farms and 114-unitBrown Ridge from Fannie Mae for $33.2 million. The company financedthe purchase through a blend of Fannie-provided bridgedebt and financing from Hamilton StateBank, as well as its own private equity.

“Fannie Mae has done a good job stabilizing these twocommunities,” says RADCO founder and CEO Norman J.Radow. “It expects us to take these well-locatedproperties to the next level with a substantial infusion of capitaland superior execution. And that's exactly what we are going todo.”